18. Which of the following is NOT an asset?

1. Prepaid rent
2. Accumulated depreciation
3. Accounts payable
4. Accounts receivable

19. Which of the following is not a closing entry

1. Debit revenue, credit income summary
2. Debit income summary, credit expenses
3. Debit Account payable, credit income summary
4. Debit retained earnings, credit dividends

20. Which of the following is an example of a contra account?

1. Accumulated depreciation
2. Dividends
3. Income summary
4. A & B
5. All of the above